In the Recognition of Revenues and Expenses, Temporary and Permanent

question 20

True/False

In the recognition of revenues and expenses, temporary and permanent differences between the financial statements and the tax return will result in a Future Income Tax Asset.

---

Definitions:

Etiology

The study of the causes or origins of diseases and disorders.

Axillary

Pertaining to the armpit area.

Centigrade

A scale of temperature in which water freezes at 0 degrees and boils at 100 degrees under standard conditions.

Hemiplegia

Paralysis of one side of the body, typically resulting from damage to the brain or spinal cord.